Zwe Hlaing Bwa

စိတ္ကူးတည့္ရာေရးထားေသာ ဘေလာ့ခ္

When the going gets tough….

Posted by Zwe on October 22, 2008


…job seekers should look beyond monetary considerations
YOU read and hear about it almost every day. Singapore’s growth rate has been revised down even as the cost of living goes up.
In the words of Prime Mister Lee Hsien Loong in his National Day message, Singaporeans must prepare for a bumpy year ahead.
When the economy is going through a challenging period, business become cautious, hesitant to commit to salary increases and bonuses.
So what do you do if you are looking for a new job?
Besides looking at salary and bonus expectations, there are many other factors that should be taken into consideration:
1. Medical benefits
Many companies provide basic medical benefits for their employees, covering consultation and prescription medicines and hospital expenses. In most cases, the benefit goes to the employee only.
A few companies, like logistics gain FedEx, go beyond the norm provide medical coverage for employees’ immediate family members as well.
This benefit not only provides the peace of mind that comes from knowing that love ones are taken care of, there is also a real monetary gain from not having to provide medical cover personally or having to pay out large sums in the event of sickness in the family.
2. Life-long Learning
The Government constantly encourages citizens to upgrade their qualifications or learn new skills.
However, education does not come cheap, and as most people have heavy commitments, ongoing education is often not an option.
Therefore, an employer who offers an education reimbursement programme for employees – with thousands dollars annually – is providing a serious opportunity for the advancement of its employees.
3. Career progression
Can you see yourself moving up the ranks of the company?
Career progression – the opportunity to move up the corporate ladder in a planned, comprehensive way -should also form a part of any decision to take up a new job.
Companies that offer a “no-limits” career path are rare in this day and age, and they are usually the kinds of organizations that have a very low employee turnover rate at all levels.
For example, more that 90 percent of the managers at FedEx began their careers in non-management positions, and many of the senior executives have come from the junior ranks.
Even Mr. David L. Cunningham the president of FedEx Asia Pacific, began his career sorting and loading packages in the company’s Memphis hub.
4. Working environment
You spend almost one-third of your day at work, so you should really pay attention to the type of environment being offered by a prospective employer.
A healthy and constructive environment can be achieved through communication. Open or two-way communication gives employees the opportunity to talk with management about issues that affect them in the workplace, and take ownership of their environment.
Employees who have the opportunity to communicate with management about all aspects of the company are in a nurturing work environment.
Check with people who work in the organization you are interested in joining.
Is it an organization that listens to all its employees and takes their concerns seriously? Does it ensure that communication is open and transparent and encourage feedback without fear?
5. Job satisfaction
A recent study showed that one-third of Asian workers felt frustrated about their work. The reasons cited included a lack of empowerment and professional development.
Achieving job satisfaction makes employees happy and committed to a company.
In addition to a range of employee recognition programmes, annual professional training and engaging employees in day-to-day operations as well as broader business management and planning are some of the many ways companies like FedEx reward, retain and attract talent.
6. Work-life balance
Many employees feel that stress is a major factor in their working lives. Having enough time to spend with loved ones outside of work is crucial for them to recharge and relieve stress.
Striking a balance at home and work actually benefits both the employee and the employer. There is ample evidence to suggest that if an employee is taken care of, he will, in turn, take care of the company’s customers, and that will take care of the profit.
Monetary reward, although an important consideration, should not be the only criteria for choosing a job.
A caring and supportive company enables employees to be more productive, and productive employees are generally happier.
Article by Amy Leung

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